Impact By State
Between now and 2030, Georgia will need to build 12,000 new apartment homes each year to keep up with demand.
The state of Georgia preempts local municipalities from implementing rent control. According to the Official Code of Georgia: “No county or municipal corporation may enact, maintain, or enforce any ordinance or resolution which would regulate in any way the amount of rent to be charged for privately owned, single-family or multiple-unit residential rental property.”
Many states have adopted programs and initiatives to tackle the affordability crisis. In Georgia, policymakers and the housing industry have made concerted efforts to address the problem. Examples include:
The Housing Opportunity Bond Fund (HOB) was created to provide gap financing to address a growing need for affordable workforce housing units across the income spectrum for homeowners, builders, developers and community housing development organizations in the City of Atlanta.
The Savannah Affordable Housing Fund (SAHF) was established to help leverage private investments, attract investors, fund construction and rehabilitation of housing, provide technical assistance to and provide capacity building for local developers.
Useful information to help inform and guide the development of viable solutions to the housing affordability crisis.
Abraham Kenmore with the Augusta Chronicle reports on how new targeted rental assistance funds are being deployed to help Georgians.
U.S. News & World Report's Trevor Bach details Mayor Keisha Lance Bottom's ambitious housing plan.
J.D. Capelouto with the Atlanta Journal-Constitution reports on Mayor Keisha Lance Bottom's new investment in housing.
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